-
While the US advances in the creation of a reserve, the Bitcoiners discuss validity.
-
“The State does not need reservations of any kind and less of Bitcoin.”
There are several doubts that arise in the middle of the imminent creation of a cryptocurrency reserve by the Donald Trump government. And one of them has to do with a debate still open on social networks about the way this project is aligned with the original Bitcoin mission.
Is the reservation within the vision that Satoshi Nakamoto with Bitcoin? It is one of the things that put me to think. More, when Some believe yes and others think no. An interesting dilemma, considering that Satoshi is no longer among us to clarify doubts.
“Bitcoin was born as a challenge to the system, as a shelter against state manipulation and the uncontrolled printing of money,” says the investor in X @yonki_mercados.
It draws attention to the fact that the digital currency was conceived to “challenge the dollar and undermine the State.” Hence It looks paradoxical that now the State also wants to buy Bitcoin.
“The State does not need reservations of any kind and less of Bitcoin,” questions the Bitcoiner David Batagglia, fearing that governments will control the market.
They are postures that are opposed to those raised by a relevant figure in the ecosystem, such as Samson Mow, CEO of Jan3. The famous Bitcoiner is known for being one of the promoters of the adoption of BTC by governments.
“Bitcoin is no different from gold or any other form of money that grew organically,” he says. For Mow, based on the writings of Nakamoto, the anonymous computer scientist I would have agreed With a reserve proposal as the United States presents.
Something that is not easy to elucidate, I think. Above all, considering that the White Paper Bitcoin says it was created to serve as a purely version peer to peer (person to person) of electronic cash, which would allow to send online payments directly “without going through a financial institution.”
A completely decentralized payment system was then proposed, opposite to the banking economic model that generated the international financial crisis of the years 2007 and 2008.
The latter points to a more aligned BTC vision to a payment system. However, in practice, this perspective has been overshadowed by the premise that Bitcoin It is a value refuge. The growth of the price of digital currency in the last 15 years is what has given more strength to this belief.
Consequently, as Bitcoin status grows as digital gold, governments come clearer the possibility of accumulating it. A fact that is not known if it was in Satoshi’s mind, even though the strategic storage, by any person or entity, has been in line with their thoughts.
The debate will remain open, and – or not to Nakamoto – the road opens so that the digital currency Reach central banks. The same ones who were questioned by the Creator, who often evoked central banking and money printing as issues of concern.
The root of the problem with conventional currency is all the confidence that is required to work. It must be trusted that the Central Bank will not degrade the currency, but the history of the fiduciary currencies is full of violations of that trust. Banks must be trusted to retain our money and transfer it electronically, but they lend it into waves of credit bubbles with just a reserve fraction.
Satoshi Nakamoto.
Now, it is that same bank that is preparing to accumulate BTC in its vaults (?). This, while an investor battery is excited Because this fact can make the price upload.
Particularly, I share the position that Bitcoin’s express objective, as originally conceived, opposes the possibility of giving greater power to the State. It was invented so that people Achieve financial independenceeliminating the need for custodians, reserves and centralized financial intermediaries.
And for this, what is needed is for people to see “beyond the price”, and even the political charismatics who claim to support Bitcoin, and Start exchanging it more than accumulating itfollowing his philosophy. With that, the possibilities of creating a true financial alternative open more.
«Bitcoin is something that only needs you to understand, or at least you make the effort to try to understand it. Neither Trump, nor Bukele, nor Milei are responsible for this, and we should not expect anything from them, ”says the Gyasyc Investment Advisor.
There are many who, like Samson Mow, say that government reserves will increase Bitcoin’s growing role as a reliable asset. Yes, it may be so, but with it too loses strength as the cornerstone that opposes the system and feels the foundations for the new financial system of the future.
Discharge of responsibility: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of cryptootics. The author’s opinion is informatively and under no circumstances constitutes an investment recommendation or financial advice.